The cryptocurrency market is known for its volatility and rapid price movements. For traders looking to navigate the unpredictability of digital currencies, technical analysis tools are indispensable.
Fibonacci retracement is a popular tool in technical analysis used by traders to identify potential reversal levels and support or resistance points in the price movement of assets. Based on the ...
Casey Murphy has fanned his passion for finance through years of writing about active trading, technical analysis, market commentary, exchange-traded funds (ETFs), commodities, futures, options, and ...
Nio stock price remains in a deep bear market this year after falling by ~40% from its highest point this year.
Fibonacci retracement levels are often useful in defining short- and long-term price trends for a stock or sector Technical analysis is an important aspect of stock and option trading methodology. In ...
The key Fibonacci percentages help traders identify support and resistance levels As new traders flood the market, a return to the basics may help novices understand the fundamentals of options ...
Centuries ago, before there was any semblance of a stock market, one Italian developed a theory that would lay the groundwork for countless mathematical applications. Fibonacci retracements are ...
Forbes contributors publish independent expert analyses and insights. Tom is a pioneer in computerized technical analysis of the markets. MoneyShow's Tom Aspray often uses Fibonacci analysis to ...
Bitcoin peaked at $106,554, forming a rising wedge pattern. Bearish RSI divergence suggests momentum is starting to weaken. Key support at $93,756 must hold to sustain the uptrend. Bitcoin has been on ...
Strong bearish impulse below $320 RSI shows potential for short-term relief Critical support near $241.86 (2.618 Fib) Bitcoin Cash (BCH) has recently experienced a significant bearish momentum, ...
Fibonacci retracement uses specific ratios to predict stock reversals. Key Fibonacci levels are 0%, 23.6%, 38.2%, 50%, 61.8%, and 100%. Investors use these levels for setting price goals and trading ...